12-29-15 TEFCU FUSE Brochure-web
OPEN A FUSE Share
It’s easy to
save for college
for the Future!
2000 Bladensburg Road, NE
Washington, DC 20018
and earn your child a
1114 H Street, NE
Washington, DC 20002
5948 Richmond Highway
Alexandria, VA 22303
with a FUSE
(Funding Ur Student’s
Phone: (202) 832-5100
Tele-Connect: (202) 526-8414
Fax: (202) 379-7076
Federally Insured by NCUA
What is your
Save for Your Child’s Education.
We’ll Reward You for It.
Are you saving for the college education of
a child 22 years of age or younger? If you
are, or if you’re not doing so but need to,
we’d like to help. We’ll provide your child
with a scholarship* if you open a FUSE Share
Certificate for them.
FUSE Share Certificates: Not Your
Standard Share Certificates
A FUSE Share Certificate involves 5 years of
multiple deposits: 52 weekly, 26 biweekly,
or 12 monthly contributions. You have three
easy ways to make them:
• Direct deposit
• Payroll allotments
• Transfers from shares
At maturity, the funds you’ve saved will roll
over into your child’s regular share account.
Would a $1,500 Scholarship* Help?
Each scholarship* will be equivalent to 10%
of the amount that has accumulated in the
Share Certificate at the time of maturity. For
example, if your balance is $10,000, we’ll
award your child a $1,000 scholarship at
maturity. The maximum scholarship is $1,500
per Share Certificate.
As with our other certificates, there’s a
penalty for early redemption. In addition,
no scholarship* will be awarded if the Share
Certificate is redeemed prior to the end of
the 5-year term.
For the current FUSE Share Certificate rate,
please visit us www.tefcu.org.
*Scholarship awarded at maturity contingent upon
no early redemption of the certificate. The maximum
scholarship amount is $1,500 per Share Certificate.
TEFCU awards the
scholarship upon maturity
of the Share Certificate.